logo
"Don't care what India does with Russia, let's keep it that way," says Trump

"Don't care what India does with Russia, let's keep it that way," says Trump

Times of Oman21 hours ago
Washington DC: US President Donald Trump on Wednesday (local time) claimed that he did not care about India's dealing with Russia.
Trump further warned that Deputy Chair of the Security Council of Russia and former Russian President Dmitry Medvedev should watch his words and not enter dangerous territory.
"I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their tariffs are too high, among the highest in the world. Likewise, Russia and the USA do almost no business together. Let's keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory!" Trump said in a post on Truth Social.
On July 28, Medvedev had said that Trump should not go down the 'Sleepy Joe road' and that any ultimatum on Russia is a "step towards war".
In a post on X, he said, "Trump's playing the ultimatum game with Russia: 50 days or 10... He should remember 2 things: 1. Russia isn't Israel or even Iran. 2. Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with his own country. Don't go down the Sleepy Joe road!"
https://x.com/MedvedevRussiaE/status/1949870764938711343
The comments come as on Wednesday (local time), Trump sharply attacked India's trade barriers and directly targeted its Russian oil purchases and military equipment. He doubled down on his threat to impose 25 per cent tariffs on all Indian imports and threatened an additional "penalty" in response to India's energy purchases.
Trump's tariff escalation comes on the heels of a series of deals with major US trading partners that have set a rough baseline for tariffs of between 15 per cent and 20 per cent, and included a series of pledges to expand market access for US products and foreign investment commitments, as per CNN.
Meanwhile, Trump also said that he believes that that the BRICS grouping seeks to counter the US and wants to dent the status of the dollar as the world's reserve currency as reported by TASS.
"They have BRICS, which is basically a group of countries that are anti the United States, and India is a member of that, if you can believe it," he told reporters at the White House when discussing the tariffs that he wants to impose on India.
Talking about BRICS, Trump also said, "It's an attack on the dollar, and we're not going to let anybody attack the dollar."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India's services exports rise 12% in June 2025, imports 5%: RBI
India's services exports rise 12% in June 2025, imports 5%: RBI

Times of Oman

time2 hours ago

  • Times of Oman

India's services exports rise 12% in June 2025, imports 5%: RBI

New Delhi: India's international trade in services showed notable momentum in June 2025, with both exports and imports registering year-on-year growth, according to data released by the Reserve Bank of India (RBI). The value of services exports (receipts) stood at USD 32.11 billion in June 2025, reflecting a 12.0 per cent growth compared to the same month last year. Meanwhile, services' imports (payments) reached USD 15.90 billion, marking a 5.0 per cent rise over June 2024. The June numbers indicate continued strength in India's services sector, particularly in IT, business, and financial services, which form the backbone of the country's export earnings. The export growth in June also follows a consistent trend observed over previous months. In April and May 2025, services exports were recorded at USD 32.84 billion and USD 32.45 billion, registering growth rates of 8.8 per cent and 9.6 per cent, respectively. On the imports side, the pace of increase accelerated slightly in June. While imports fell by 1.1 per cent year-on-year in May 2025, they rose by 5.0 per cent in June, indicating a possible rebound in demand for foreign professional and technical services. The figures are based on revised data drawn from India's balance of payments statistics and are part of the RBI's monthly release on trade in services. In separate news, the Reserve Bank of India (RBI) has released sectoral data on the deployment of bank credit, showing a year-on-year (y-o-y) growth of 10.2 per cent in non-food credit as of June 27, 2025. This marks a decline from the 13.8 per cent growth recorded during the same fortnight a year earlier. The data, collected from 41 select scheduled commercial banks that account for around 95 per cent of total non-food credit, indicates a broad-based moderation in credit expansion across key sectors of the economy. Credit to the agriculture and allied activities sector grew by 6.8 per cent in June 2025, a sharp slowdown compared to 17.4 per cent growth in the same period last year. Similarly, credit to the industrial sector rose by 5.5 per cent, down from 7.7 per cent the previous year. However, within the industrial segment, loans to micro, small, and medium enterprises (MSMEs) maintained steady growth, and credit to sub-sectors such as engineering, construction, and textiles showed accelerated increases. The services sector saw credit growth moderate to 9.6 per cent from 15.1 per cent last year. This decline was primarily driven by slower credit expansion to non-banking financial companies (NBFCs), although segments like computer software and professional services continued to post robust growth. Personal loans grew by 14.7 per cent year-on-year, down from 16.6 per cent in June 2024. The slowdown was largely due to weaker growth in vehicle loans, credit card dues, and other personal lending.

Trump warns Medvedev to "watch his words," calls him "failed former President of Russia"
Trump warns Medvedev to "watch his words," calls him "failed former President of Russia"

Times of Oman

time3 hours ago

  • Times of Oman

Trump warns Medvedev to "watch his words," calls him "failed former President of Russia"

Washington: US President Donald Trump issued a warning to former Russian President and Prime Minister Dmitry Medvedev asking him to "watch his words," after the latter criticised Trump's foreign policy, The Hill reported. "I don't care what India does with Russia," Trump wrote on Truth Social. "They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World." "Likewise, Russia and the USA do almost no business together. Let's keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory!" the president added. Since returning to office in January, Trump and his administration have pushed for an end to the more than three-year war between Russia and Ukraine, without much success. At times, the president has aired frustration with both sides over lack of progress on a ceasefire agreement, despite several rounds of peace talks. Earlier this month, he gave the two nations a 50-day deadline to reach a deal, threatening Russia and its allies, including India, with increased sanctions. Re-upping the pressure on Wednesday, Trump said he would impose a 25 percent tariff on India as a penalty for purchasing Russian military equipment and gas. He also signaled he could shorten the timeline -- which now falls in early September -- for the Kremlin to agree to a peace deal and end its onslaught on Ukraine, which has largely been on board with ceasefire proposals, The Hill reported. The president also said Monday, during a sit-down conversation with British Prime Minister Keir Starmer in Scotland, that he could start imposing sanctions on Russia in "about 10 or 12 days," according to The Hill. Medvedev, in response, knocked Trump for "playing the ultimatum game." "Trump's playing the ultimatum game with Russia: 50 days or 10... He should remember 2 things: 1. Russia isn't Israel or even Iran. 2. Each new ultimatum is a threat and a step towards war," Medvedev, deputy chair of Russia's Security Council, wrote on the social platform X. "Not between Russia and Ukraine, but with his own country."

India's manufacturing PMI hits 16-month high at 59.1 in July on strong demand, output
India's manufacturing PMI hits 16-month high at 59.1 in July on strong demand, output

Times of Oman

time3 hours ago

  • Times of Oman

India's manufacturing PMI hits 16-month high at 59.1 in July on strong demand, output

New Delhi: India's manufacturing activity gained further momentum in July, rising to a 16-month high of 59.1 from 58.4 in June, driven by stronger growth in new orders, output, and inventory buildup, according to the data of HSBC India Manufacturing Purchasing Managers' Index (PMI). The rating agency said that firms bought extra inputs to broadly the same extent as in June, however, whilst job creation receded to the weakest since November 2024. Meanwhile, business confidence retreated to its lowest level in three years. "Rising from 58.4 in June to 59.1 in July, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI®) - a single-figure indicator of sector performance - signalled the strongest improvement in the health of the sector since March 2024," firm said. According to the HSBC PMI report, the growth in new orders was the sharpest in nearly five years, driven by robust domestic demand and successful marketing efforts. This surge in demand led to a 15-month high in production output, with intermediate goods producers seeing the strongest acceleration, even as other segments experienced slower growth. The report, however, highlighted that the cost pressures have intensified during the month, though they remained modest by historical standards. On the pricing front, the increase in selling prices was higher than the long-run average, indicating that firms passed on some of the input cost pressures to customers. While international demand also contributed to the overall increase in sales, export orders grew at a slower pace compared to June, though the growth remained one of the strongest in over 14 years. The report added that companies continued to hire extra staff at the start of the second fiscal quarter, but they did so to the least extent in eight months. Despite this strong performance, some concerns emerged. Job creation weakened, with July recording the slowest pace of employment growth since November 2024. "Among the main headwinds to growth, survey members listed competition and inflation concerns," the report added. On the purchasing side, the report added that the manufacturers increased input buying to rebuild inventories. Although the pace of buying was slightly slower than in June, it was still the second-fastest in the past 15 months. Improved supplier performance also helped boost stocks of purchases, which grew at their strongest rate in 15 months.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store